Banks (Finance)
The Reserve Bank of India (RBI) has tightened its norms on teaser home loan schemes, prompting lenders ICICI Bank and HDFC Ltd to discontinue their similar schemes. The move is expected to cool down demand for housing loans, stabilize real estate rates, and prevent high-risk defaults. Teaser home loan schemes,
Banks (Finance)
Despite concerns among US investors that the European debt crisis could impact major US banks, credit spreads for most major US banks tightened this week, averaging a 2-4% decrease. Analysts are worried that the risk aversion trends seen in Europe may eventually trickle over to the US side of the
Banks (Finance)
As part of its ongoing support for small businesses, Bank of America ranked number one among all banks in the amount of credit extended through the U.S. Small Business Administration's 504 loan program during the last fiscal year. Bank of America originated more than $297 million in
Banks (Finance)
South Korea's financial sector has experienced a significant surge in home-backed lending in October, with local banks' mortgage loans reaching 279 trillion won (US$247 billion) by the end of the month. This marks a 2.2 trillion won increase from the previous month, the largest monthly
Banks (Finance)
Burlington Coat Factory and Petco arranged two separate dividend-related term loans totaling $2.1 billion with several major banks, including Credit Suisse, JPMorgan, Bank of America Merrill Lynch, Wells Fargo, Morgan Stanley, and Goldman Sachs. However, these loans have raised concerns among investors, particularly due to their covenant-lite nature and
Banks (Finance)
The Association of Banks in Jordan recently convened a workshop titled "SME Credit Scoring and Basel II Compliance," which aimed to address the challenges faced by banks in assessing credit risk for small to medium-size enterprises (SMEs) in Jordan. The workshop, attended by senior credit risk managers, risk
Banks (Finance)
RBI's decision to curb teaser home loans, which saw thousands of borrowers fall prey to low interest rates during the initial years, has been challenged by leading banks in the country. The State Bank of India (SBI), the largest lender, has defended its 'special home loan scheme&
Banks (Finance)
Wilmington Trust, a troubled Delaware-based lender, has been placed on "positive" watch by Standard & Poor's (S&P) following the announcement of its acquisition by M&T Bank in a stock deal worth USD351 million. The review is expected to conclude by the middle
Banks (Finance)
Borrowers in India are likely to see an increase in the equated monthly installments (EMIs) on loans taken from banks, as these lenders revise their base rates and prime lending rates upwards. The country's largest private lender, ICICI Bank, has already raised its home loan interest rate to
Banks (Finance)
Northern Trust has expanded its automated solutions for Investment Operations Outsourcing clients to cover the processing of syndicated bank loans, a growing alternative asset allocation for specialist investment managers. The implementation of Markit WSO Services on Northern Trust's platform offers efficiency in trade capture, position reporting, and cash
Banks (Finance)
Northern Trust has expanded its automated solutions for Investment Operations Outsourcing clients to cover processing of syndicated bank loans. The implementation of Markit WSO Services on Northern Trust's Investment Operations Outsourcing platform offers efficiency in trade capture and position reporting as well as cash management for investment managers
Banks (Finance)
ING Vysya Bank has entered into an agreement with Hyundai Motors India (HMIL) to provide retail financing facilities to HMIL's customers. This pact will enable both firms to leverage each other's strengths and offer car loans and schemes to customers across India. The partnership will utilize
